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Pls advise which is a wiser choice:-1) to sell my current fully paid Exec Flat and top up addional cash to buy a 3 bedroom condo for staying, without taking any loan. or 2) To keep the Exec Flat and buy a 2 bedroom condo for staying ( need to take bank loan) and rent out the Exec Flat. We are both above 55 year old and how much loan are we eligible.
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1 Answer

Mike Lim
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Morning Teo,

As both of you have reached retirement age, it would boil down to how much cash you have at hand. You might have limited CPF usage. But if you have sufficient to play with, you can consider to get a mortgage loan and use the rental of your HDB to pay for it.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
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